Gold Editorials & Commentary

"Creative destruction" is a term economists use to describe the way in which dynamic new industries overtake then replace old industries.

The American Experience

Period 3: Inflation of 1897-1920

Duration: 23 years

Commodity Prices: +232%

Purchasing Power of Gold: -70%

Monetary System: Classic Gold Standard

We began last week with a near-term bullish view of the markets. However action late last week has forced us to sweep our bullishness aside, for now at least, and concentrate on what we believe to be a bearish scenario developing.

Special Commentary

The fabulous momentum in the Canadian gold mining sector that we saw in late 1998 has all but dissipated now and only a few Canadian golds are in bullish positions at the moment.

Financial markets around the world . .

The gold market continued its long, arduous sideways trend in the remaining weeks of 1998 and in the first two weeks of 1999. In the last one year absolutely nothing has changed as gold moves within a narrow trading range between $285-$300/oz.

When our November 1996 issue of our monthly market letter and our daily research first published our Dow projection of 9654 +/- 1 1/2%, the time frame that this level would be reached -- if it were even to be reached at all -- was perhaps more difficult to fore

Equities markets both at home and abroad took a surprising turn for the better in the final weeks of 1998.

Technicals -

Basic economics teaches that manipulating a commodity price must lead to distortions in supply and demand. Price supports create oversupply; price ceilings create shortages.

More optimistic than most strategists .

Ask the bank, the hospital or the power company about their respective Y2K problems and each will tell you they've got the problem licked.

But ask each about the others and doubts begin to thicken like tule fog.

Technicals -

On October 15, 1998, Federal Reserve Chairman Alan Greenspan fired the shot heard 'round the world.

John Coleman (1992), a former MI6 agent of the elite British Secret Service, in his book "Conspirators Hierarchy: The Story of the Committee of 300" provides as remarkable Orwellian expose of a group of elite men and women who have influenced virtually every pa

The American Experience

Period 2: Deflation of 1864-1897

Duration: 33 years

Commodity Prices: -65%

Purchasing Power of Gold: +40%

Monetary System: Fiat, then Gold Standard

All-time highs were again our call . . . for Tuesday's "real" market, and we got them! No short selling has been our motto; only buying the dips.

As the U.S. stock market stages is proverbial so-called "Santa Claus Rally," we can peer through the surface at what might lie ahead for investors after the holidays.

Women? You suffer before you get them, while you have them, and after you lose them. -- Sholem Aleichem

Part - I

As both a physician and one who supports the United States (by accepting its obligations in lieu of payment) I have an interest in Medicare.

HoHoHo…what a jolly sleighride this has been . . .

For market technicians, the single most crucial and sought-after skill is the ability to discern and forecast turning points in market trends.

Humanity holds its breath in an uneasy anxiety that tugs at our hearts as we stand on the edge of an abyss that represents either salvation/peace or eternal damnation. The U.S.

For the past few decades, the world has been fascinated with, and focused on the year 2000: the new millennium. For some, the year 2000 represents the dawning of the Age of Aquarius.

We have written over the past three months of our surprise at the many positive patterns in the charts of Canadian gold mining stocks.

Climbing a "wall of worry". . . might be a typical reaction to Thursday's action by investors, and no doubt that's true, but only to an extent.

If you're a stock market bull, you might be interested in the fact that a growing number of investors are ignoring worsening fundamental events and simply buying stock. Already knew that, you say?

Over the past year or so, I have observed a marked increase in the references made about leasing in regards to the precious metals markets.